The annual inflation rate rose in November to 5.1%, compared to 4.7% in October, as services rose in price by 7.5% compared to November 2023, food by 5.1% and non-food goods by 4.1%, according to INS. Compared to October 2024, in November consumer prices increased by 0.4%. The inflation rate since the beginning of the year (November 2024 compared to December 2023) was 4.8%. The average rate of change in consumer prices in the last 12 months (December 2023 – November 2024) compared to the previous 12 months (December 2022 – November 2023) was 5.7%. Among foods, the biggest year-on-year price increases were for fruit (17%), margarine (15%), canned fruit and vegetables (10%), while wine and beer went up by about 7%. Instead, butter became cheaper by 10%, flour and cream by almost 7% and sugar by 6%. As for non-food goods, detergents went up by 12%, tobacco and cigarettes by 10%, books, magazines and newspapers by 7.5% and clothing by 6%. Compared to November 2023, gas is 10% cheaper. Among services, the biggest increases were in Post (17%), Hygiene and Cosmetics (11%), Water and Sewerage (11.6%) and Medical Care (9.8%). Airline tickets were 9.3% more expensive, on average, than in the same period in 2023. The only services that are cheaper than last fall are telephone services, with -2%.
The annual inflation rate in November 2024 compared to November 2023 calculated on the basis of the harmonized index of consumer prices (HICP) was 5.4%. The harmonized index of consumer prices in November 2024 compared to October 2024 was 100 .32%. The average rate of change in consumer prices in the last 12 months (December 2023 – November 2024) compared to the previous 12 months (December 2022 – November 2023) determined on the basis of the HIPC was 6.0